Economy
Motor Oil Hellas increases profits by 16.7 pct in Q1 2016
Motor Oil Hellas has released its interim Q1 2016 results, which show that the group’s net operating profits stood at 48.7 million euros versus 41.7 million euros for the same quarter last year, an increase of 16.7 percent.
PPC sees profits rise in Q1 2016
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim Q1 2016 financial statement on Thursday, showing that turnover fell by 8.8 percent in the quarter compared to the same time last year.
HRADF's updated plan for 19 privatisation projects published
The Hellenic Republic Asset Development Fund (HRADF) asset development plan was published in the Government Gazette on Wednesday following its approval from the government’s Economic Policy governing council.
Rating agencies positive on disbursement, stress programme implementation risks remain high
Rating agencies welcomed the Eurogroup’s decision to approve the disbursement of 10.3 billion euros to Greece and to provide a road map on debt relief, while they stressed that the programme implementation risks remain high.
Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
Piraeus Bank posted a net loss of 37 million euros in the first quarter (Q1) of 2016 from 1.24 billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67 million a year ago.
Eurogroup sets conditions for disbursements totalling 10.3 bln to take place
The Eurogroup welcomed early on Wednesday the adoption by the Greek government of most of the required prior actions for the conclusion of the first programme review.
Central government debt edges down to 321 bln in Q1
Greece’s central government debt eased to 321.01 billion euros in the first quarter (Q1) of 2016 from 321.33 billion in Q4 2015, according to the Finance Ministry (MoF) debt bulletin.
ATHEX net profits down 54 percent in Q1 2016
The Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its financial results for Q1 2016 after close of business on Monday, showing that the consolidated net after tax profits of the group came to 1.9 million euros compared to 4.1 million euros in Q1 2015, a reduction of 54 percent.
IMF sets out stall ahead of crucial Eurogroup by proposing immediate debt relief
Ahead of the Eurogroup meeting on Tuesday, the International Monetary Fund published its preliminary debt sustainability analysis (DSA), which was distributed to its Executive Board but was neither discussed nor approved.
Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
Greece's travel receipts rebounded 8.2 percent to 220.6 million euros in March after dropping in the preceding two months, Bank of Greece (BoG) figures showed on Monday.